Intel has invested in Absolute Software, which owns tracking software to locate lost or stolen PCs.
Absolute also received equity investments of undisclosed size from two venture capital firms.
In addition, it has shifted its corporate headquarters from Vancouver, Canada to outside Seattle, Washington and will expand its sales and customer support team by establishing new regional offices in the US.
The privately held company said the equity investments will be used to further the adoption of its Computrace technology as the standard for preventing PC theft. Computrace is an asset management tool that assists with the recovery of lost or stolen PCs. It is based on a patented software agent installed in the computer.
"We are gratified by Intel's commitment to fostering security technologies that are valuable to the computing industry at large," said John Livingston, Absolute Software's chief executive.
He added that his company is eager to make Computrace compliant with the Intel authored Common Data Security Architecture (CDSA).
Safeware Insurance, an Ohio based insurer, reported that 65 per cent of the total computer losses reported each year are due to theft. The most popular target is the laptop computer. Safeware also reported more than 100,000 desktop PCs and 300,000 laptops were stolen in the US in 1997 and that the rate is increasing.
Phil Wennblom, director of strategic marketing for Intel's mobile and handheld group, explained that Intel believes that physical asset solutions, such as Computrace, can help reduce the cost of ownership of mobile computers and make them more secure.
Following the relocation, Absolute will use some of its new capital to establish additional offices in Chicago, Boston, Washington DC, Dallas, San Francisco and Toronto by early 1999.
The company currently maintains operations in New York, Atlanta, Kirkland and Vancouver. Capital investments will also support further research and development designed to expand Computrace's capabilities.
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